Tuya Q2 FY26 net profit rises 48% to US$18.6 million; revenue increases 16% to US$92.9 million

Reuters2026/08/24 23:00

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Tuya posted Q2 2026 revenue of US$92.9 million, up 16% year over year; net profit rose 48% to US$18.6 million.
Operating income widened to US$9.3 million from US$1.1 million; operating margin improved 8.6 percentage points to 10%.
Gross margin narrowed 2.1 percentage points to 46.3%, citing product-and-solution mix shifts and semiconductor supply-chain pricing fluctuations.
PaaS revenue climbed 16.9% to US$67.9 million; smart home and robot product revenue increased 23.2% to US$13.5 million.
Premium PaaS customers rose to 318; registered AI developers topped 2,092,000 as Tuya expanded AI companion shipments and launched Tuya Cobuilder.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tuya Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608241900PR_NEWS_USPR_____CN32165) on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tuya Q2 FY26 net profit rises 48% to US$18.6 million; revenue increases 16% to US$92.9 million

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